1. People come from Wall Street and go into government and then leave government and go back into Wall Street. When you have this kind of revolving door, it’s not just that their interests are not well-aligned with the public; it’s that their mindset is captured by the industry from which they come. They see their interest — the interest of Wall Street — as if it were in the public interest.

    — Nobel Prize-winning economist Joseph Stiglitz on lobbying. [full interview here]

  2. joseph stiglitz

    lobbying

    wall street

    economy

    government

  1. The nature of our growth today is markedly different than in the decades after World War II. There we had shared prosperity. More recently, what we’ve had is exactly the opposite. … Right now, most Americans are worse off than they were 15 years ago. There has not been shared prosperity.

    — Nobel Prize-winning economist Joseph Stiglitz argues that widely unequal societies don’t function effectively or have stable economies and that even the rich will pay a steep price if economic inequalities continue to worsen.

  2. economy

    joseph stiglitz

  1. Posted on 4 June, 2012

    201 notes | Permalink

    Reblogged from linnettealissa

    Tomorrow: A conversation with Nobel Prize winning economist Joseph Stiglitz, author of The Price of Inequality, in which he argues that widely unequal societies don’t function effectively, their economies aren’t stable or sustainable and that even the rich will pay a steep price if economic inequality continues to worsen.

    Tomorrow: A conversation with Nobel Prize winning economist Joseph Stiglitz, author of The Price of Inequality, in which he argues that widely unequal societies don’t function effectively, their economies aren’t stable or sustainable and that even the rich will pay a steep price if economic inequality continues to worsen.

  2. Joseph Stiglitz

    economy

    scrooge mcduck